Dolphin Energy awards $250 mln contract to L&T

ABU DHABI Mon Nov 12, 2012 1:54pm IST

Labourers work inside a steel factory on the outskirts of Agartala, April 9, 2009. REUTERS/Jayanta Dey/Files

Labourers work inside a steel factory on the outskirts of Agartala, April 9, 2009.

Credit: Reuters/Jayanta Dey/Files

Related Topics

Stocks

   

ABU DHABI (Reuters) - UAE group Dolphin Energy DOL.UL has awarded a $250 million contract to Indian group Larsen & Toubro (LART.NS) to upgrade a gas plant in Qatar.

Larsen & Toubro will install three new Rolls Royce Trent gas turbine compressors and related facilities at the processing plant at Ras Laffan by end-2014, Dolphin Energy said on Monday.

"They will improve overall reliability and availability of natural gas exports to the UAE and Oman," it said.

Dolphin - the only cross-border gas supply line in the Gulf - carries 2 billion cubic feet gas per day from Qatar's North Field to the UAE coast. Much of the gas is burned within metres of its arrival in the UAE, with some sent to Oman.

Long-term customers for Dolphin gas from Qatar are the Abu Dhabi Water & Electricity Company, Dubai Supply Authority and the Oman Oil Company.

Dolphin Energy is controlled by the Mubadala Development Company for the government of Abu Dhabi, with France's Total and U.S.-based Occidental Petroleum each holding 24.5 percent.

The $136 million contract for Rolls Royce was announced in April. (Reporting by Stanley Carvahlo, writing by Daniel Fineren; Editing by Dan Lalor)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Earnings Season

Earnings Season

Reliance Q4 sales rise, refining margin narrows.  Read 

Innovative Solution

Innovative Solution

Turning smog into jewels - a Dutch designer's solution to Beijing's pollution.  Video 

Insider Trading

Insider Trading

Rajaratnam's brother loses bid to dismiss insider trading charges.  Full Article 

Literary Giant Dies

Literary Giant Dies

Mourning and memories in Gabriel Garcia Marquez's languid hometown.  Full Article 

S&P on India

S&P on India

S&P: India's ratings to depend on next govt econ, fiscal policies.  Full Article 

Ambitious Aim

Ambitious Aim

In green car race, Toyota adds muscle with fuel-cell launch.  Full Article 

Bond Market

Bond Market

A star abroad, RBI boss riles bond traders at home  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage